Energy Preview: WTI crude oil edges high in early Asia

WTI crude oil futures continue to edge up amid easing US-China trade tensions as both sides expressed willingness to resume negotiations ahead of a possible meeting between President Donald Trump and Chinese President Xi Jinping later this month. The commodity had plunged over 4% on Friday alone on escalating concerns between US and China. Moreover, easing geo-political tensions in Middle East is likely to reduce demand for the commodity. Currently, the counter is quoting at $59.71 per barrel, up 0.37% on the day.

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